GRACECHURCH STREET 55 LONDON EC3 CORE CITY FREEHOLD INVESTMENT A reversionary freehold building at the very heart of the City Investment Summary 55 Gracechurch Street is located in the core of the City of London • Freehold. • Core City of London location in close proximity to the Bank of England, Leadenhall Market and the Lloyd’s Building. • 74,622 sq ft (6,932.6 sq m) of office, leisure and ancillary accommodation arranged over basement, lower ground, ground and six upper floors. • Securely let to four tenants generating a current passing rent inclusive of vendor top-ups of £3,035,449 per annum, reflecting a below market rent of only £40.68 per sq ft overall. • The Royal London Mutual Insurance Society Limited is the principal tenant, occupying the building as its headquarters and accounting for circa 61% of total income. • Immediate opportunities to add value and improve the running yield. • Offers in excess of £60 million are sought for our client’s freehold interest, subject to contract. A purchase at this level reflects a net initial yield of 4.73% and a low capital value of c.£805 per sq ft assuming full purchaser’s costs of 6.80%. 5 & 4 The Leadenhall Lloyd’s Building Building Bank of The Royal 22 The Leadenhall England Exchange Bishopsgate Gherkin Market Bank Cannon Street New Bank Station Station Station Entrance 20 Fenchurch Tower of Street 33 Central London Plantation Place 55 Monument 7 & Station 6 LONDON - THE GLOBAL £2.45bn tech sector investment - over three times GATEWAY CITY more than the whole German market London is a dominant global financial centre which also boasts a rich cultural offering with a variety of internationally recognised museums and top class restaurants. London is the world’s most visited global city. A third of the world’s largest companies are headquartered in London 72 75%of the FTSE 100 call London home Over 300 languages are spoken in the city, more than any other in the world UNESCO world 4 heritage sites position ahead of New York in the most recent Global Financial Centres Index (GFCI by Z/Yen Group) 75% No.1 of Fortune 500 Companies have an office in the Capital 43 UNIVERSITIES AND 435,000 STUDENTS of the top 10 museums and galleries in 72 the world 75% Michelin-starred restaurants 3 Over 300 languages are spoken in the city, more than any other in the world CROSSRAIL, EUROPE’S LARGEST INFRASTRUCTURE PROJECT, IS OVER 85% COMPLETE No.1 European city for start-ups CONSISTENTLY DOMINATING GLOBAL CAPITAL FLOWS, ATTRACTING MORE CROSS-BORDER CAPITAL INTO REAL London’s time zone ESTATE THAN ANY OTHER CITY position allows trading with Asia, the Middle East and the Americas 9 & 8 ALDGATE EAST LIVERPOOL STREET WHITECHAPEL TURNMILL LUTON AIRPORT THE ROYAL LONDON BARBICAN ST R LANE SPITALFIELDS HOSPITAL Location REET NEW ROAD MARKET MOO ALD’S ROADGRAY’S INN B CHARTERHOUSE STREET GARDENS FARRINGDON ROAD THEO A prime City core location in ALDE BRICK LAN HATTON GARD COMME R BARBICAN London’s financial & insurance FARRINGDON S G ATE STREE MOORGATE INSBU F RY LIVERPOOL STREET RCIAL STR E RED LION ST district GRAY’S INN RO WHITECHAPEL ROAD CIRCUS T LIVERPOOL STREET 55 Gracechurch Street is situatedEN in the heart of the City of EE RED LION T SQUARE London, the historic epicentre for trade and commerce in the RE SOUTHAMPTON RO GARDENS capital. The property is within 400 metres of both the Bank of ET LONDON WALL EnglandA and Leadenhall Market, traversing the border of London’s ALDGATE EAST D COMMERCIAL ROAD globally recognised financial district and its renowned insurance SNOW HILL HOUND B quarter. HOLBORN A SI TE A N SDITCH CANNON STRE G RG CHANCERY H HIGH HOLBORN The 0.38 acre freehold site occupies a prominent position on the O A LANE L BEVIS MARKS GILTSPUR STREET east side of Gracechurch Street, aE key thoroughfare from outside L MO ALDGATE W N S the City through EC3 to London ABridge. The property is located T REET NE R L SHO E FARR GRESHAM STREET W close to the intersection of GracechurchR Street, Fenchurch Street E T SHADWELL GUILDHALL E WHETSTONE PARK MAN’S RO E AD ST T O and Lombard Street, and is within 40 metres E ofLANE 20 Fenchurch ST EDWARD KING LEMAN STREET T ET ROAD CENTRAL LOTHBURY AX RTINS LE-GRAND RTINS E INGDON STREET MA 30 ST HOLBORN Street (the ‘Walkie Talkie’). F LINCOLN’S INN FIELDS CRIMINAL ST MARY AXE ET W E COURT OLD BR MANSEL TR E P ALDGATE HIGH STREET S N RINCE’S LIE W A In addition to attracting some of the world’s leading ST MARY ST PAUL’S CHANCERY LAN THE LEADENHALL organisations, the micro-location offers an unrivalled retail BUILDING BANK OF ENGLAND S THREADNEEDLE STREET L STREET position within close reach of international retailers such as Gap CHEAPSIDE T MI BANK T and Marks & Spencer. High end restaurants, bars and boutiques N KI EE ORIE NGSWAY are also located nearby in Leadenhall Market and the Royal ONE NEW POULTRY ROYAL EXCHANGE CORNHILL OLD BAILEY LINCOLN’S INN FIELDSAL STREET Exchange. CHANGE LUDGATE HILL S PORTUG E FLEET STREET Significant developments have been completed nearby in recent ST PAUL’S LLOYD’S OF CAREY STREET LONDON CATHEDRAL WATLING STREET LOMBARD STREET LEADENHALL years. Local landmark towers include The Leadenhall Building, 20 S T P MARKET A Fenchurch Street and W.R. Berkley’sBOUV ERIE52 ST Lime Street which is due CITY THAMESLINK UL ’S GRACECHURCH STR CHURCHYARD QUEEN VICTORIA STREET CABLE STREET to be completed in 2019. These schemes have attracted some of FENCHURCH STREET LONDON SCHOOL STRAND DOCK STREET the world’s leading occupiers such as AON, RSA Group, Markel CANNON STREET NEW BANK STATION TOWER GATEWAY OF ECONOMICS FENCHURCH STREET DRURY LANE and Clydesdale Bank Plc. ENTRANCE MANSION HOUSE H NEW CHANGE C R 20 WY ROYAL MINT STREET LD EET FENCHURCH TOWER HILL A ARUNDE TUDOR STREET STREET THE HIGHWAY QUEEN VICTORIA STREET CANNON STREET EASTCHEAP L ROYAL MINT STREET L STREET MONUMENT COURT INNER TEMPLE TOWER HIL GARDENS UPPER THAMES STREET STRAND QUEEN VICTORIA VICTORIA EMBANKMENT LOWER THAMES ST REET THOMAS MORE PLE PLACE TEMPLE SQUARE LANCASTER PLACE M TOWER OF TE LONDON RS BRIDGE RS ST KATHARINE’S DOCKS ORNAMENTAL STRAND ES RIVER THAM CANAL BLACKFRIA ALDGATE EAST LIVERPOOL STREET WHITECHAPEL TURNMILL LUTON AIRPORT THE ROYAL LONDON BARBICAN ST R LANE SPITALFIELDS HOSPITAL REET MARKET NEW ROAD MOO ALD’S ROADGRAY’S INN B CHARTERHOUSE STREET GARDENS FARRINGDON ROAD THEO ALDE BRICK LAN HATTON GARD COMME R BARBICAN FARRINGDON S G ATE STREE MOORGATE INSBU F RY LIVERPOOL STREET RCIAL STR E RED LION ST GRAY’S INN RO WHITECHAPEL ROAD CIRCUS T LIVERPOOL STREET EN EE RED LION T SQUARE RE SOUTHAMPTON RO GARDENS ET LONDON WALL A ALDGATE EAST D COMMERCIAL ROAD SNOW HILL HOUND HOLBORN B A SI TE A N SDITCH CANNON STRE G RG CHANCERY H HIGH HOLBORN O A LANE L BEVIS MARK GILTSPUR STREET E L MO ALDGATE W N S A T REET NE R L SHO E FARR GRESHAM STREET E S W R T SHADWELL GUILDHALL E WHETSTONE PARK MAN’S RO E AD ST T O E LANE ST EDWARD KING LEMAN STREET T CENTRAL LOTHBURY ET ROAD RTINS LE-GRAND RTINS E INGDON STREET MA 30 ST HOLBORN F LINCOLN’S INN FIELDS CRIMINAL ST MARY AXE ET W E COURT OLD BR MANSEL TR E P ALDGATE HIGH STREET S N RINCE’S LIE W A ST PAUL’S ST MARY AX CHANCERY LAN THE LEADENHALL BUILDING BANK OF ENGLAND S THREADNEEDLE STREET L STREET T CHEAPSIDE MI BANK T N KI EE ORIE NGSWAY ONE NEW POULTRY ROYAL EXCHANGE CORNHILL OLD BAILEY LINCOLN’S INN FIELDSAL STREET CHANGE STR LUDGATE HILL S PORTUG E FLEET STREET ST PAUL’S LLOYD’S OF CAREY STREET LONDON CATHEDRAL WATLING STREET LOMBARD STREET LEADENHALL S T P MARKET A BOUVERIE ST CITY THAMESLINK UL ’ GRACECHURCH S CHU D QUEEN VICTORIA STREET CABLE STREET RCHYAR FENCHURCH STREET LONDON SCHOOL STRAND DOCK STREET CANNON STREET NEW BANK STATION TOWER GATEWAY OF ECONOMICS FENCHURCH STREET DRURY LANE ENTRANCE MANSION HOUSE 55 H NEW CHANGE C R 20 WY ROYAL MINT STREET LD EET FENCHURCH TOWER HILL A ARUNDE TUDOR STREET STREET THE HIGHWAY QUEEN VICTORIA STREET CANNON STREET EASTCHEAP L ROYAL MINT STREET L STREET MONUMENT COURT INNER TEMPLE TOWER HIL GARDENS UPPER THAMES STREET STRAND QUEEN VICTORIA VICTORIA EMBANKMENT LOWER THAMES ST REET THOMAS MORE PLE PLACE TEMPLE SQUARE LANCASTER PLACE M TOWER OF TE LONDON RS BRIDGE RS ST KATHARINE’S DOCKS ORNAMENTAL STRAND ES RIVER THAM CANAL BLACKFRIA 11 & 10 A key destination for global25 real 23 estate investors 22 For decades the City of London has been the focus for global real estate investors. The limited supply of freehold assets keeps both institutional and high net worth investors eager to acquire the best opportunities. Many assets in the vicinity of 55 Gracechurch Street are owned by some of the most discerning and demanding investors from around the world. 2 3 1 24 7 21 8 9 19 10 55 4 5 6 15 16 14 13 20 12 17 11 13 11 & 18 12 1 KGAL (2010) 60 Gracechurch Street 2 Chuang’s China (2016) 10 Fenchurch Street 3 Tenacity International (2017) TENACITY 23 70 Gracechurch Street 22 4 Credit Suisse (2017) The Monument Building 5 Al Ain (2016) Regis House 6 Shin Kong Life (2015) 40 Gracechurch Street 2 7 U City (2016) 33 Gracechurch Street 3 8 Al Ain (2017) One George Yard 1 24 9 Ho Bee Land (2017) 67 Lombard Street 10 KanAm Grund (2016) 7 68 Lombard Street 11 Nan Fung (2016) 21 108 Cannon Street 12 Renhe (2017) 8 110 Cannon Street 9 19 10 13 CIT (2016) 12 Arthur Street 14 Lion Group (2018) 24 Martin Lane 15 Wells Fargo (2018) 33 Central 16 Ella Valley Capital (2018) ELLA VALLEY CAPITAL 24 King William Street 17 TfL - New Bank Station Entrance 55 10 King William Street 18 ICBC (2010) 81 King William Street Ivanhoé Cambridge (2015) 4 19 21 Lombard Street 20 Alpha Asset Management / Keppel Land (2015) 5 75 King William Street 21 Aviva / Northwood (2013) 6 20 Gracechurch Street 22 LKKHPG (2017) 15 20 Fenchurch Street 16 23 Moise Safra (2012) Plantation Place 14 24 Brookfield (2012) Leadenhall Court 13 20 12 17 11 18 Transport Superb connectivity will be further improved with the completion of the Bank station upgrades in 2022 Bank and Monument Underground stations are used by more than 52 million passengers a year.